|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HMS
INDUSTRIAL NETWORKS AB |
|
|
|
|
Registered Office : |
Stationsgatan
37, 30245 Halmstad |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
06.03.1996 |
|
|
|
|
Com. Reg. No.: |
5565299251 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacture
of communication equipment |
|
|
|
|
No of Employees : |
183 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWEDEN - ECONOMIC OVERVIEW
Aided by peace and neutrality
for the whole of the 20th century, Sweden has achieved an enviable standard of
living under a mixed system of high-tech capitalism and extensive welfare
benefits. It has a modern distribution system, excellent internal and external
communications, and a highly skilled labor force. In September 2003, Swedish
voters turned down entry into the euro system concerned about the impact on the
economy and sovereignty. Timber, hydropower, and iron ore constitute the
resource base of an economy heavily oriented toward foreign trade. Privately
owned firms account for vast majority of industrial output, of which the
engineering sector accounts for about 50% of output and exports. Agriculture accounts
for little more than 1% of GDP and of employment. Until 2008, Sweden was in the
midst of a sustained economic upswing, boosted by increased domestic demand and
strong exports. This, and robust finances, offered the center-right government
considerable scope to implement its reform program aimed at increasing
employment, reducing welfare dependence, and streamlining the state's role in
the economy. Despite strong finances and underlying fundamentals, the Swedish
economy slid into recession in the third quarter of 2008 and the contraction
continued in 2009 as deteriorating global conditions reduced export demand and
consumption. Strong exports of commodities and a return to profitability by
Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as
a result of continued economic weakness in the EU - Sweden’s main export
market.
|
Source
: CIA |
Company
Summary
|
||
|
|
||
|
Business
Name |
HMS INDUSTRIAL NETWORKS AB |
|
|
Country |
SWEDEN |
|
|
Company
Registration Number |
5565299251 |
|
|
Main
Activity |
Manufacture
of communication equipment |
|
|
Activity
Code |
26300 |
|
|
Company
Status |
Active |
|
|
Latest
Turnover Figure |
410.167.000 |
|
|
Latest
Shareholder Equity Figure |
117.319.000 |
|
|
|
||
Company
Information
|
||
|
|
||
|
Basic Information |
|
|
|
Business
Name |
HMS
Industrial Networks AB |
|
|
Registered
Company Name |
HMS
Industrial Networks AB |
|
|
Company
Registration Number |
5565299251 |
|
|
Country |
SWEDEN |
|
|
VAT
Registration Number |
SE556529925101 |
|
|
Date
of Company Registration |
06/03/1996 |
|
|
Legal
Form |
Limited
liability company |
|
|
Company
Status |
Active |
|
|
Currency
of this Report |
SEK |
|
|
Principal
Activity Description |
Bolaget
skall bedriva utveckling, tillverkning och fbrsaljning avindustriella
kommunikationssystem samt darmed fbrenlig verk- samhet. |
|
|
Contact
Address |
Stationsgatan
37, 30245 HALMSTAD |
|
|
Contact
Telephone Number |
035-172900 |
|
|
|
||
|
Activities |
||
|
Activity
Code |
Activity
Description |
|
|
26300 |
Manufacture
of communication equipment |
|
Profit
and Loss
|
|
|
|
||
|
Financial Year |
2013 |
2012 |
2011 |
||
|
Number of Weeks |
52 |
52 |
52 |
||
|
Currency |
SEK |
SEK |
SEK |
||
|
Consolidated
Accounts |
N |
N |
N |
||
|
Revenue |
414.214.000 |
383.947.000 |
348.968.000 |
||
|
Operating
Costs |
347.657.000 |
323.535.000 |
277.720.000 |
||
|
Operating
Profit |
66.557.000 |
60.412.000 |
71.248.000 |
||
|
Wages
& Salaries |
-124.619.000 |
-110.428.000 |
-85.774.000 |
||
|
Depreciation |
-10.787.000 |
-10.126.000 |
-8.360.000 |
||
|
Financial
Income |
659.000 |
101.000 |
137.000 |
||
|
Financial
Expenses |
-5.331.000 |
-19.000 |
-97.000 |
||
|
Extraordinary
Income |
|||||
|
Extraordinary
Costs |
-5.331.000 |
-19.000 |
-97.000 |
||
|
Profit
before Tax |
61.885.000 |
46.999.000 |
71.288.000 |
||
|
Tax |
-9.556.000 |
-10.104.000 |
-14.413.000 |
||
|
Profit
after Tax |
52.329.000 |
36.895.000 |
56.875.000 |
||
|
Minority
Interests |
|||||
|
Other
Appropriations |
-23.536.000 |
-24.408.000 |
-18.173.000 |
||
|
Retained
Profit |
28.793.000 |
12.487.000 |
38.702.000 |
||
|
|
|||||
|
|
|||||
Balance
Sheet
|
|||||
|
Financial Year |
2013 |
2012 |
2011 |
||
|
Number of Weeks |
52 |
52 |
52 |
||
|
Currency |
SEK |
SEK |
SEK |
||
|
Consolidated
Accounts |
N |
N |
N |
||
|
Land
& Buildings |
0 |
0 |
0 |
||
|
Plant
& Machinery |
8.781.000 |
8.781.000 |
4.339.000 |
||
|
Other
Tangible Assets |
7.752.000 |
9.379.000 |
6.818.000 |
||
|
Total
Tangible Assets |
16.533.000 |
18.160.000 |
11.157.000 |
||
|
Goodwill |
0 |
0 |
0 |
||
|
Other
Intangible Assets |
90.316.000 |
48.626.000 |
22.228.000 |
||
|
Total
Intangible Assets |
90.316.000 |
48.626.000 |
22.228.000 |
||
|
Loans
To Group |
0 |
0 |
0 |
||
|
Other
Loans |
0 |
0 |
0 |
||
|
Miscellaneous
Fixed Assets |
293.663.000 |
12.850.000 |
26.345.000 |
||
|
Total
Other Fixed Assets |
293.663.000 |
12.850.000 |
26.345.000 |
||
|
TOTAL
FIXED ASSETS |
400.512.000 |
79.636.000 |
59.730.000 |
||
|
Work
In Progress |
0 |
0 |
0 |
||
|
Other
Inventories |
24.292.000 |
26.625.000 |
34.412.000 |
||
|
Total
Inventories |
24.292.000 |
26.625.000 |
34.412.000 |
||
|
Trade
Receivables |
31.308.000 |
25.755.000 |
28.530.000 |
||
|
Group
Receivables |
112.132.000 |
138.116.000 |
112.899.000 |
||
|
Miscellaneous
Receivables |
7.698.000 |
9.814.000 |
6.632.000 |
||
|
Total
Receivables |
151.138.000 |
173.685.000 |
148.061.000 |
||
|
Cash |
4.733.000 |
17.116.000 |
7.239.000 |
||
|
Other
Current Assets |
0 |
0 |
0 |
||
|
TOTAL
CURRENT ASSETS |
180.163.000 |
217.426.000 |
189.712.000 |
||
|
TOTAL
ASSETS |
580.675.000 |
297.062.000 |
249.442.000 |
||
|
Trade
Payables |
25.284.000 |
23.198.000 |
19.068.000 |
||
|
Bank
Liabilities |
0 |
0 |
0 |
||
|
Group
Payables |
42.126.000 |
17.351.000 |
12.082.000 |
||
|
Miscellaneous
Liabilities |
20.559.000 |
16.238.000 |
14.912.000 |
||
|
TOTAL
CURRENT LIABILITIES |
87.969.000 |
56.787.000 |
46.062.000 |
||
|
Bank
Liabilities Due After 1 Year |
250.038.000 |
0 |
0 |
||
|
Other
Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
||
|
Group
Payables After 1 Year |
0 |
0 |
0 |
||
|
Miscellaneous
Liabilities Due After 1 Year |
125.349.000 |
101.743.000 |
77.335.000 |
||
|
TOTAL
LONG TERM LIABILITIES |
375.387.000 |
101.743.000 |
77.335.000 |
||
|
TOTAL
LIABILITIES |
463.356.000 |
158.530.000 |
123.397.000 |
||
|
Called
Up Share Capital |
654.000 |
654.000 |
654.000 |
||
|
Share
Premium |
9.846.000 |
9.846.000 |
9.846.000 |
||
|
Revenue
Reserves |
106.702.000 |
127.915.000 |
115.428.000 |
||
|
Other
Reserves |
117.000 |
117.000 |
117.000 |
||
|
TOTAL
SHAREHOLDERS EQUITY |
117.319.000 |
138.532.000 |
126.045.000 |
||
|
Other Financials |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
||
|
Working
Capital |
92.194.000 |
160.639.000 |
143.650.000 |
||
|
Net
Worth |
27.003.000 |
89.906.000 |
103.817.000 |
||
|
Pre-Tax
Profit Margin |
14.94
% |
12.24% |
20.43
% |
|
Return
On Capital Employed |
9.26
% |
13.28% |
24.12% |
|
Return
On Total Assets Employed |
10.66% |
15.82% |
28.58% |
|
Return
On Net Assets Employed |
52.75
% |
33.93
% |
56.56
% |
|
Sales/Net
Working Capital |
4.49 |
2.39 |
2.43 |
|
Stock
Turnover Ratio |
5.86
% |
6.93
% |
9.86
% |
|
Debtor
Days |
27.59 |
24.48 |
29.84 |
|
Creditor
Days |
22.28 |
22.05 |
19.94 |
|
Current
Ratio |
2.05 |
3.83 |
4.12 |
|
Liquidity
Ratio/Acid Test |
1.77 |
3.36 |
3.37 |
|
Current
Debt Ratio |
0.75 |
0.41 |
0.37 |
|
Gearing |
213.13
% |
|
|
|
Equity
In Percentage |
59.64
% |
58.80
% |
62.75
% |
|
Total
Debt Ratio |
3.95 |
1.14 |
0.98 |
|
Main Address |
||||||
|
Address |
Country |
|
Telephone |
|
||
|
Stationsgatan
37, 30245 HALMSTAD |
SWEDEN |
|
035-172900 |
|
||
|
|
||||||
|
Other Address |
||||||
|
Address
Country |
||||||
|
No
other addresses for this company. |
||||||
|
|
||||||
|
Email Addresses |
|
|
|
|
||
|
No
information for this company. |
||||||
|
|
||||||
|
Web Pages |
|
|
|
|
||
|
|
||||||
Share
Capital Structure
|
||||||
|
|
||||||
|
Issued
Share Capital |
654.000 |
|
|
|
||
|
|
||||||
Directors/Managers
|
||||||
|
|
||||||
|
Current Directors |
||||||
|
Name |
Appointment
Date |
Position |
|
|
||
|
Carl
Staffan Dahlstrbm |
21
/08/2009 |
Managing
Director |
|
|
||
|
KarlOlofGunnarHbgberg
|
21/08/2009 |
Actual
Member of Board |
|
|
||
|
|
||||||
Group
Structure
|
||||||
|
|
||||||
|
Extended
Group Structure |
||||||
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
||
|
HMS
Networks AB |
SE
|
5566618954 |
31/12/2013 |
|
||
|
HMS
Industrial Networks AB |
SE
|
5565299251 |
31/12/2013 |
|
||
|
IXXAT
Holding GmbH |
DE |
HRB
723620 |
31/12/2012 |
|
||
|
Hms
Industrial Networks Pvt Ltd |
IN |
|
|
|
||
|
Hms
Industrial Networks Aps |
DK |
|
|
|
||
|
HMS
Electronics Aktiebolag |
SE
|
5564639374 |
31/12/2013 |
|
||
|
HMS
Industrial Networks GmbH |
DE |
HRB
109414 |
31/12/2012 |
|
||
|
Hms
Industrial Networks Inc |
US |
US49195595 |
|
|
||
|
Hms
Industrial Networks Kk |
JP |
|
|
|
||
|
Hms
Industrial Networks Sas |
FR
|
489154476 |
31/12/2010 |
|
||
|
Hms
Industrial Networks S.R.L. |
IT
|
05260930960 |
31/12/2013 |
|
||
|
IntelliCom
Innovation AB |
SE
|
5565377826 |
31/12/2013 |
|
||
|
|
||||||
Other
Information
|
||||||
|
|
||||||
|
Employee Information |
||||||
|
Year |
Number
of Employees |
|
|
|
||
|
2013 |
183 |
|
|
|
||
|
2012 |
172 |
|
|
|
||
|
2011 |
147 |
|
|
|
||
|
2010 |
104 |
|
|
|
||
|
2009 |
102 |
|
|
|
||
|
|
||||||
|
Advisors |
|
|
|
|
||
|
Auditor
Name |
Ohrlings
PricewaterhouseCoopers AB |
|
|
|||
Tax Registrations
Registered for FTax Yes
Registered for VAT Yes
Registered for Employee Tax Yes
Certificates
Type Category
Issuer
No certificate information for this company.
Industry Comparison
Activity Code 26300
Activity Description Manufacture of
communication equipment
Industry Average Credit Rating 72 (1 - 100)
Industry Average Credit Limit 1.396.000
|
Event Date |
Event
Description |
|
19/09/2014 |
Company
representatives, changed |
|
19/09/2014 |
Group
Structure Change |
|
01/09/2014 |
Group
Structure Change |
|
18/08/2014 |
Annual
account, new |
|
11/08/2014 |
Annual
report (PDF), new |
|
24/09/2013 |
Group
Structure Change |
|
28/08/2013 |
Annual
account, new |
|
21/08/2013 |
Group
Structure Change |
|
30/07/2013 |
Annual
report (PDF), new |
|
12/07/2013 |
Company
representatives, changed |
|
12/07/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
07/09/2012 |
Annual
account, new |
|
23/07/2012 |
Annual
report (PDF), new |
|
18/08/2011 |
Annual
account, new |
|
02/08/2011 |
Annual
report (PDF), new |
|
29/03/2011 |
Fax
number, changed |
|
10/09/2010 |
Authorised
signatory, changed |
|
11/08/2010 |
Annual
account, new |
|
06/08/2010 |
Annual
report (PDF), new |
Debt balance at the Swedish Enforcement Agency
Number of Private Claims -
Balance of Private Claims -
Number of Public Claims -
Balance of Public Claims -
Total Balance -
Record of non-payment
Number of distraint attempts and repossessions -
Number of public claims -
Number of private claims -
Number of applications for an order to pay -
Number of reclaimed/revoked applications -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.